Paul A. Nolle III

Associate

  • JD, Columbia Law School, 2017; Harlan Fiske Stone Scholar
  • BA, Princeton University, 2014

Qualifications

  • New Jersey, 2017
  • New York, 2018

Court Admissions

  • U.S. District Court for the District of New Jersey
  • U.S. District Court for the Southern District of New York

Paul A. Nolle III

Associate

Paul Nolle III is an associate in Ropes & Gray’s special situations group, based in New York. He represents private equity firms and their portfolio companies in mergers and acquisitions, financings, leveraged buyouts, minority investments, event-driven and opportunistic transactions, restructurings and insolvency matters. Paul has also represented private equity sponsors, portfolio companies and corporate borrowers in a broad range of finance transactions, including acquisition financings, distressed investing, strategic lending, loan-to-own, and recapitalizations. He also advises clients on general corporate governance matters.

Prior to joining Ropes & Gray, Paul was an M&A and finance associate in the New York office of a New York-based international law firm.

Experience

  • A consortium of private equity funds in the $1.3 billion carve out of Frontier Communications’ Washington, Oregon, Idaho and Montana operations.*
  • Brookfield Asset Management, Inc and Simon Property Group in connection with their agreement to purchase certain assets of J. C. Penney Company, Inc. out of bankruptcy and the $520 million takeback first lien credit agreement.*
  • An affiliate of Roark Capital in its portfolio company Inspire Brands, Inc.’s $11.3 billion acquisition of Dunkin’ Brands Group, Inc., the Massachusetts-based parent company of Dunkin’ and Baskin-Robbins.*
  • Oaktree Capital Management and Oak Hill Advisors in connection with a $375 million second lien loan to Immucor, a TPG portfolio company in the pharmaceutical space.*
  • Oaktree Capital Management in connection with its second-lien debt and equity investment in TechStyle, a fashion and technology startup.*
  • Starwood Hotels & Resorts in its $13.6 billion sale to Marriott International and in Anbang Insurance Group’s competing offers to acquire Starwood.*
  • An ad hoc committee of noteholders in the chapter 11 restructuring of Whiting Petroleum Corporation, one of the largest independent exploration and production companies in the U.S. with over $3.4 billion in funded debt obligations.*
  • A joint venture of Simon Property Group and Authentic Brands, in connection with the $305 million acquisition of Brooks Brothers, the apparel company, in connection with Brooks Brothers’s bankruptcy and the related debtor-in-possession financing.*
  • Funds affiliated with Apollo Global Management in connection with its acquisition of Sun Country Airlines.*
  • An ad hoc group of unsecured noteholders in the prearranged chapter 11 restructuring of Extraction Oil & Gas, one of the largest oil and gas exploration and production companies in the Rocky Mountain region, with approximately $1.7 billion of funded debt obligations. *
  • The term loan lenders to TOMS Shoes, a maker of casual footwear with a unique gifting mission, in the company’s out-of-court restructuring which resulted in the term loan lenders owning 100 percent of the equity of TOMS on account of (a) the conversion of $300 million of secured term debt into equity and takeback debt in TOMS and (b) a new money investment.*
  • The first lien creditors of LBI Media in connection with providing debtor-in-possession financing and exit financing.*
  • Templar Energy, an exploration and production company, in connection with debtor-in-possession financing for its bankruptcy case.*
  • An ad hoc group of term loan lenders in connection with the prearranged chapter 11 case and exit financing of Covia Holdings Corporation, a leading provider of diversified mineral-based and material solutions for the global energy and industrial markets, in the U.S. Bankruptcy Court for the Southern District of Texas.*
  • An ad hoc committee of Gibson Brands, Inc. noteholders, in connection with Gibson Brand’s DIP financing, exit financings and successful reorganization under chapter 11. The Nashville, Tennessee-based company is an iconic American manufacturer of guitars, other musical instruments and professional audio equipment. Under the reorganization plan the noteholders received the overwhelming majority of Gibson’s post-restructuring equity.*
  • The Stars Group in its $6.8 billion financing in connection with Stars’ acquisition of U.K.-based Sky Betting & Gaming, creating the world’s largest publicly listed online gaming company.*

*Experience prior to joining Ropes & Gray

  • JD, Columbia Law School, 2017; Harlan Fiske Stone Scholar
  • BA, Princeton University, 2014

Qualifications

  • New Jersey, 2017
  • New York, 2018

Court Admissions

  • U.S. District Court for the District of New Jersey
  • U.S. District Court for the Southern District of New York
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